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the attack may impact american business, our economy and our nation's capitol and overall national security. steve moore from the "wall street journal" wonderful to have you in studio. the politics dealing with the aftermath of a terrorist attack? how does it improve the tone of partisanship in washington. >> anytime you have a national attack like this people pull together. i was thinking of the two major issues in washington. lori: immigration and gun control. >> those are two we've been hang link over months and months if not years. that is interesting i think it could have negative impact on both issues. lori: how so. , if it turns out it is saudis or foreigners, it will, it will, play into this kind of nativist, keep the foreigners out mentality. that is going to be a negative thing. in fact some of the senators and congressmen already said that maybe we should slow down on immigration reform. lori: wow! all the debate on immigration was held behind closed doors with the "gang of eight". that itself was critical because of the lack of transparency. >> interesting just today the "gang o
of tumultuous, russia's president is coming under controver controversy. while russia's economy hadn't performed badly last year, falling commodity prices risk pushing the country into recession. these comments come just hours after president putin threatened to fire officials for not following his orders on public spending. geoff cutmore is outside this event. what are you hearing about these concerns and the russian economy overnight? >> reporter: absolutely. fascinating issue. we clearly see some risks emerging in the russian government at this point. and i just want to put that issue to one side for a moment. because i have with me li jiaoung. he is a former chinese minister. i'm fortunate to get the opportunity to talk to him at this event. thanks very much for speaking to me. if i could just start off by asking you, clearly, the world has been focused on the terrorist events in boston and this tragic, very un pleasaplea event. i wonder if you could dwifs a perspective from the chinese point of view here because nobody wants to see terrorism and in particular i think the chinese have an int
enough to keep united states competitive in our global economy. >> in order to get an outside opinion about what is going on in america, i travel to germany where i met a man who gave me -- who told me how things were done in germany compared to america. there are many specialist in america, but our system in germany is very dynamic. our workers are used in very many areas of the work. my american rent was supplies -- see the same staff. all three eggs are learned in the apprenticeship area it is the world -- apprenticeship. >> apprenticeship? not good enough? i needed an explanation. that is what i spoke to the headmaster of whence mr. -- of westminster academy. >> one of the challenges is that changing. it was a time in which the mother, father, children, could be the home in which they would be growing up with both parents. now when students go to school they only have one parent or there are issues in the home, they are bringing those challenges into the classroom. i think what schools should do is help children love to learn, love to read, become thinkers. become problem solvers.
korea says they will inject more than 15 billion into the economy. says it willorea inject more than 15 billion into the economy. the money will be used to create jobs, build the stagnant real estate market and cover a tax revenue shortfall. pakistan's former president will not be allowed to run for the national assembly in upcoming elections. he had been cleared to campaign for northern pakistan but now being disqualified. he has been barred from running four l fou -- in all constituencies he applied for. a new session of parliament in kenya. the arrival one in a closely- contested vote last month. we're joined from our reporter in niobe -- nairobi. >> we are just outside the parliament now. we are expecting the president to arrive very soon. he will inspect the guards and enter the parliament behind me, and he will give his speech to what is the 11th parliament here in kenya. now, in his inauguration speech he really tried to ignite the country behind him. formillion people voted him. there have been meetings between the men at the state house here to try to reconcile these different
with the underpinnings of education and issues like that then allow us to be competitive in a global economy. i think the potential is there. we need to get our act together and that means we need to sit down, work together and resolve issues. .ost: larry, ohio independent caller. caller: good morning. host: good morning. caller: this gentleman keeps referring to the crime scenes, the violent crimes. 99% of us gun owners are law- abiding and that is the way we use our guns. internet sales -- you cannot ship a gun in the united states unless it is shipped by a fll dealer and once you receive that done at your dealer, you have to go through background checks. on the crystal ball thing -- host: larry, let me leave it there and have the congressman respond because that is the front page of "the new york times" dealing with internet sales. what do you make of his comment? guest: first of all, we do have background checks today, but the problem is there are loopholes. the number is about half of the gun sales in the country are not subject to a background check. some are emaciated on the internet. some are
into the future. they're estimating the pace of growth for economies around the world. joining us now from the business desk. good morning. what do they see? >> good morning. the results overall point to slower growth. those in japan suggest things are picking up. the international monetary fund has upgraded japan's economic outlook the next two years on expectations the country's bold monetary easing policy and weaker yen will help boost its economy. imf officials released the world's latest economic outlook and slowly downgraded the world economic forecast. and predict it will grow 1.6% this year, up .4 of a percentage point and they doubled the growth forecast next year to 1.4%. they expect the bank of japan's aggressive monetary easing to boost the growth rate. >> japan is forge iing a path o its own. it may have been more likely to call this a 3 1/2 recovery rather than a speed recovery. >> although the yen value has declined significantly in the recent past, the monetary policy followed by the boj is appropriate but at the same time, imf officials urge japan to work out a long term f
on the economy. people are eliminating chicken and duck from their diet. this is causing serious damage to the poultry industry. >>> city restaurants are losing a lot of money as many kmern vs. stopped ordering poultry fishes. orders have dropped off almost 50%. >> we're very concerned about the damage caused by unfounded rumors. it's a very serious situation for us. >> shoppers are also buying less poultry, both processed and unprocessed. so prices are falling. they're down by 20 to 30% since the first flu case was reported in beijing. and the price of eggs has also fallen by as much as 30%. >> translator: for the good of my health, i'm trying not to eat chicken. >> translator: i don't know how long this situation will last, but i'm really concerned. >> the spreading disease is having an impact on people's daily living. some are taking their own preventive measures. this man works for a company in beijing. he began washing his hands more often, and gargling every morning and evening. helies with his wife and daughter. among them, they keep more than 50 medical masks. >> translator: i a
is taking its toll not only on the health of the people but also on the economy. as the virus spreads and concerns grow, people are eliminating chicken and duck from their diet. this is causing serious damage to the poultry industry. nhk world's michitaka yamaka reports from beijing. >> reporter: city restaurants are losing a lot of money as many customers have stopped ordering poultry dishes. it's enough to tempt wary diners. orders have dropped almost 50%. >> translator: we're very concerned about the damage caused by unfounded rumors. it's a very serious situation for us. >> reporter: food shoppers are also buying less poultry, both processed and unprocessed. so prices are falling. they are down by 20% to 30%. since the first case reported in beijing. the price of eggs has also fallen by as much as 30%. >> translator: for the good of my health, i'm trying not to eat chicken. >> translator: i don't know how long the situation's going to last, but i'm really concerned. >> reporter: the spreading disease is having an impact on people's daily living. some are taking their own preventiv
go, the economy comes to life. norfolk southern. one line, infinite possibilities. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur ♪ neil: we are live right now, engaging. how things are going in japan. last night at this time the market was clearing those losses as the night ensued. we were coming to you live. seeinghe market averages. most of the march to the upside. our own futures were flat to down. flat to slightly up prior to the news of a u.s. senator reports that he as a letter that tested positive. the letter never reached the senator we might point out. but it was wrote to him, and that is where they stopped it at a postal center in maryland. it does raise those eerie parallels to 9/11. he knows that better than the former new york stock exchange chairman and ceo who joins me right now on the phone. yuri parallels a night. totally
very quickly because the economy can't continue the way it is among other things giving gasoline away. they can't go on that way. >> nick raised the question of ideology. it's important to note that the opposition it wasn't an election about ideology. the opposition, what was fascinating about it is it ran on a comain to administer it more efficiently. they accepted the social missions. they accepted even the foreign policy. dressed in red. he was in some ways praising chavez and saying that maduro wasn't worthy. he see it wasn't an election about ideology but an election about continuing the goals. it's been remarkable. the way to think about it is to step back and really consider that this remarkable experiment in social democracy that we've seen more in south america than central america and mexico but a little bit in central america since for the last 10, 15 years beginning in some waysith chavez's election is outlasting. it's first-generation of leaders. lula went through his two terms. >> charlie: many people say he was a champion of the people who chavez thought he was the cham
know you're aware that six of the 10 fastest-growing economies in the world are located in sub-saharan africa, and it is my hope to the extent possible that the state department will prioritize trade with the african nation. you should know that we have a bipartisan bicameral effort working in conjunction with chairman smith to quickly put forward a renewal of the africa growth and opportunity act. so i have four questions i would like to ask you. i wanted to know what steps are you taking to focus on africa's extraordinary growth potential? what are your thoughts about the u.s. appointing a special envoy to the drc? does the request for peacekeeping operations accurately reflect the growing needs on the continent? and can you comment on the significance of the 6% cut to usaid hiv/aids funding? >> thank you very much, congresswoman. let me emphasize first of all that we were really pleased that pepfar was able to be held whole. i think that's vital. i have personally visited, i was in durbin, north of durbin, in the mountains watching of the program is being effectively adminis
the economy was already reeling into a recession at that time. and, of course, the economy presumably is coming out with one this time. earnings at that time were torpedoing. earnings right now on the upside so there are a lot of fundamental differences that still the fundamentals are very, very different. we have to watch ourselves. there will be plenty of time to do finger pointing. when you find a politician on either side doing finger pointing at this point i suggest you raise a certain figure at that politician. let's focus on getting these good folks barry, including that 8-year-old boy. sequestration did not kill that little fellow. you know what did? awful people. more after this. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. becausenly national lets you choose any car in t aisle. and go. you can even take a full-size or above. and stilpay the misize price. i could get used to this. [ male announcer ] es, you could business pro. yes, you could. go national. go like a pro. yes,
will go. and sometimes invest in a place where the economy is not where it would support necessarily a market solution, which is why a.i.d. has to be there. so you've got the millennium challenge corporation over here, a.i.d. as the preponderance of our expenditure, but it has adopted significant reforms in the last years that have actually movement some of the development challenge kinds of enterprize into a.i.d. wherever we can we are trying to do economic-based aid in a local way that is sustainable. and that will result in long-term gains, not a project that comes, and when the project's over the money's gone and there is nothing to show for it. but there are someplaces where you still have humanitarian demands and other demands that will not lend themselves to that, and we just need to understand that. we have to understand that's for the minimum -- minimalist fraction of the percentage of our aid that may represent, it's still an expression of our values and interest and it's important. now we are -- i'm not going to sit here and tell this committee that the job is done. we are
. indeed, our affordable universal service is crucial to the american economy and to american businesses that generate 95% of all mail. my written testimony offers a comprehensive set of options to restore the postal service to solvency. this morning i will cover, this afternoon i will cover the issues you specifically asked me to address in your invitation. on cost savings, the nalc and the other postal unions have contributed billions in savings through collective bargaining. that process concluded for just 12 weeks ago. the new nalc contract emerged from interest arbitration that focused on the financial condition of the postal service that led to award if you want to provide postal service with huge savings in the years to come. as we did during the great recession when we worked tirelessly with management to adjust routes to respond to mail voe' done, more must be done and congresseeds to do its part as well. i will highlight two cost reforms from the written testimony. first congress should repeal or dramatically reduce the retiree health prefunding mandate that caused over 80% of
dangers within our economy. one would be interest rates rising. i asked this to people i consider to be smart, big bankers, nature capital centers of the world. can they control just raising keep interest rates below? is there a point at which the central cannot keep pace. interest rate to 7% are when i was a kid, 19% were 21% would be catastrophic with this burden of debt. he seems to work right now, but there is a certain allusion of wealth in the stock market and evolution of the peace we can manage our debt. those are my concerns and because of that, we have to do long-range things. i propose several things since i've come. i propose fixing a security problem. to me it's an actuarial problem. you raise the age gradually 27862 thirds of the social security deficit. fix the remaining by testing the benefits. the president has occasionally sad he's for entitlement reform, but is not shown much leadership on this premise seems to benchmark per se, but any with him at least a 47 republican senators, we sat around a table that he and the vice president a year and half ago and i told
economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: 27 runners and thousands more spectators had turned out for the boston marathon today when terror erupted. two bombs exploded, and authorities said two people were killed and more than 50 others were wounded. (sirens). within minutes of the blast, wheelchairs and stretchers were ferrying victims up and down boylston street, the home stretch of the oldest marathon race in the world. amid the chaos competitors, race volunteers and spectators ran from the scene in shock. >> i went over there. there were body parts. people were blown apart. they're dead. where the wind owe is, the windows were all blown out. >> ifill: the attack came about thr
companies from investing in this rapidly expanding economy. nhk world. >>> all right. now let's take a look at the market figures. >>> when people read these day, they often turn to electron eck devices. one man in the state of wisconsin is encouraging readers to pick up paper books again. anyone can borrow a book for free provided that they leave one in return. the idea has taken off. nhk has his story. >> reporter: small is beautiful when it comes to reading in america these days. miniature bookshelves like these are popping up on roadsides or in coffee shops across the united states. called little free libraries. they're changing the reading habits of local communities. the idea couldn't be simpler. you grab as many books as you like. and you don't have to bring them back. but you do have to row place them. the rule is, take a book, leave a book. that means the narrow shelves are always full and the stock is always changing. it was todd bowl who came up with the idea for the little free library. >> the first library i built in 2009. and this one has number one. >> reporter: he started th
to further boost their economy. kim appreciates this policy shift and says she no longer dwells on the past. >> i pray for my people, vietnam people, all the time. and i'm so happy that they continue changing the new generation. they learning a lot and the country need to be changed. >> reporter: because of the bombing and because of that picture, life hasn't been easy for kim. she says she wants to draw on her experiences to help create a better world. >> if everyone can learn to live with love, with hope and forgiveness, if everyone can learn that, we don't need war at all. right. and the challenge is for everyone is that little girl can do it. so everyone can do it too. >> reporter: she's told her story for three decades. and she's determined to keep telling it to people around the world. takafumi terui, nhk world, tokyo. >>> the wae weather may have a negative effect. robert speta has more. >> the weather is really a big part of the the clean up efforts here in southern china. in the next 24 hours we're seeing scattered rain showers out here in this heavily impacted region. the good new
because they wanted to tap into the talents of ex-patriots to further boost the economy. kim appreciates this policy shift and says she no longer dwells on the past. >> i pray for my people, vietnam people all the time. and i'm so happy that they continually changing. the new generation, they learning a lot. and the country need to be changed. >> reporter: because of the bombing and because of that picture, life hasn't been easy for kim. she says she wants to draw on her experiences to help create a better world. >> if everyone can learn to live with love, with hope and forgiveness, if everyone can learn that, we don't need war at all. right? and the challenges for everyone is that little girl can do it. so everyone can do it too. >> reporter: she's told her story for three decades. and she's determined to keep telling it to people around the world. nhk world, tokyo. >>> time now to get a check on the weather. the sun's out but it was quite chilly. >> it's a chilly morning. we have a high pressure system dominating much of the country creating clear skies and less winds. so those conditi
. the red cross isn't currently accepting donations but economy the city of boston have set up websites with resources. if you see anything suspicious let us know on our facebook page. >>> we have some breaking news. firefighters rescued one person from a burning home in arlington. the pyre broke out around 10:30 this morning. the 2300 block of north dinwiddie street in arlington. the home was fully engulfed when they arrived. they pulled one person from the basement. two people were taken to the hospital with burn injuries. no word on their condition. we have a crew on the way and will bring you the latest information as soon as we get it. >>> it is 11:27 thousand. coming up in the next half hour, "news4 midday," under watchful eyes, d.c.'s emancipation parade is under way at this hour. news4's megan mcgrath is along the parade route with how police are keeping the city safe in light of the boston bombing. >>> lawmakers are at work this morning. we will have the latest on where gun control measures and an immigration reform bill stand at this hour. >> storm team 4 meat meet tom kierein
dollar deficits, to a fledgeling economy and declining military -industrial base. we can now add to that the devastating effects of sequestration to our servicemen and women. sequestration is the wrong approach to bring in spending, particularly as our nation's military readiness will foolishly suffer. however, we are under sequestration. and i hope you can clarify for me some of its impacts. we have recently heard that the army has canceled seven combat center training rotations, the navy has canceled ship deployments. air force has stood 12 combat-coded squad rons, not to mention potential civilian furloughs for up to 14 days all due to sequestration and i hope you can translate that into the real world for us, including what that means in terms of readiness and force posture. we'll continue to wrestle with these issues with you. i'm very happy and pleased to see during the fiscal 2013 c.r. that we were able to include the full year defense and veterans -- milcon and veterans bills, giving you some much needed flexibility in funding for d.o.d. past three years we worked across
know you are aware six of the 10 fastest growing economies in the world are located in sub- saharan africa, and it is my hope to the extent possible that the state department will prioritize trade with the african nations. you should know that we have a bipartisan, bicameral effort working in conjunction with chairman smith to quickly put forward a renewal of the africa growth and opportunity act. so i have four questions i'd like to ask you. i wanted to know what steps are you taking to focus on africa's extraordinary growth potential? what are your thoughts about the u.s. appointing a special envoy to the d.r.c.? does the request for peacekeeping operations accurately reflect the growing needs on the continent? and can you comment on the significance of the 6% cuts to usaid hiv-aids funding. >> let me emphasize first of all that we are really pleased that pepfar was able to be held whole. i think that's vital. i have personally visited, i was in durbin, north of durbin in the mountains watching how that program is being effectively administered and the difference it has made. we a
of the current sanctions regime against iran? >> it is having a huge impact on our economy. no question with any measure you use inflation, unemployment, and availability of commodities having a tremendous impact by any measure that said it just yet has not induced changes in policy. >> to both of you relative to pakistan has pakistan changed its strategic calculation with respect to afghanistan and more specifically is there any change that we have determined and pakistan so far and willingness to deal with the afghan talnba which is the sanctuary in pakistan? . i believe they will continue to do. >> there's no gene's we have discerned a pakistan and so far their unwillingness to take on the taliban and -- >> inside pakistan, the sort to the tattered ban on pakistan to assist a threat to the pakistanis and they have, when they could -- they have also need to point out, last thousands of troops and the thought in pursuit of militants. >> i'm talking about the afghan military and. >> that's correct. >> is there any change in not? >> not basically. >> in terms of north korea, you've indicated i be
) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> this is cnn breaking news. >> welcome back to our viewers in the united states and around the world. we are continuing to follow the latest on our breaking news. a huge plant blast at a fertilizer facility in west, texas. massive explosion there. a small town, less than 3,000 people, just north of waco. officials don't know about how many are dead but they know somewhere between 5 and 15. developing situation. more than 160 people have been injured, treated at local hospitals. but still ongoing situation, john. >> that's right. a search and rescue operation under way. homes and businesses have simply been leveled. now, while that's going on, new developments in what authorities call perhaps the possible breakthrough in the investigation here in the boston marathon terror attacks. investigators pinpointing now two men they say caught on camera near the finish line. there are pictures coming from an analysis of surveillance video from a lord and taylor department stor
, with difficulty in keeping together the chavez coalition in resolving the deep problems of the economy in light of a devaluation in resolving the atrocious situation of crime and violence in the country. how he will keep those very factions of the party together and at the same time tackle these very deep seated problems is really a big question. i think it leaves open the possibility for a great deal more instability. >> suarez: it sounds like it's going to be difficult to run venezuela, whoever takes the loath of president. 30-plus percent inflation, high crimes. those facts. >> 20% last year. it's picked up a little in the last few months but or significantly in the last few months. i think that was part of the problem for maduro. i think there are serious challenges ahead. we don't want to exaggerate them too much. for 14 years, the business press has been saying that the venezuelan economy is going to collapse. it never did. it won't either. they always say it's unsus sanable. that's what we had in 2006 when you have an $8 trillion housing bubble and anybody who is looking at it which did
to work and kiss your wife thank roadwork and be an american and let's move forward to get this economy going. neil: to be simplistic i am pretty good at that we tend to sell off more when the threats is international terrorist based and an american like terry nichols. not as a general rule of thumb or to justify one brand over another a bad guy is a bad guy but we tend to get anxious that they brought this to the point* despite the billions are trillions to stop them. >> right to. and you will never be 100 percent safe you just have to remember that is the odds. we will never be part of a terrorist incident to remember that first thing but secd there will be a lot of volatility in the morning but the markets could end up higher and they don't seem to have common sense. look at north korea they are going crazy with their young leader if everybody worried about a nuclear missile but gold is still going down that is what you'd be buying but then people say i don't want to buy gold if it is the end of the world because it is hard to each. [laughter] neil: but where they are placing their m
: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ . >> welcome back, e. president barack obama says that those responsible for the attack on the boston marathon will full the full weight of justice. >> cnn was told that a man wearing a sweatshirt carrying a backpack was seen trying to get into a restricted area right before the explosions. >> i want you take you through the marathon route. the race started off and made its way into the denser areas of boston. 12 seconds later, the second bomb went off just down the street. >> fably members and friends surrounded the finish line. >> i saw six to seven people down next to me. they protected me. one lady expired. one gentleman lost both of his limbs. i would not figure out why the young lady had expired. >> the marathon
to private sector federal systems, the nation at critical infrastructure and our economy. it supports the president's executive order to improve on the cyber security and critical infrastructure security and resilience. finally, to ensure continued resilience to disasters, the president's budget focuses on emergency management. it includes resources for the disaster relief fund for declared disasters or emergencies. the administration is proposing the consolidation of 18 grant programs into one national program to create a robust national response capacity while reducing administrative overhead. this competitive, risk based program will use a comprehensive process to identify and deploy capabilities, put funding together quickly and require grantees to report on their progress. it is this kind of funding that has enhanced capabilities in cities like boston. since 2002, the boston urban area has received $300 million in federal grant funding, which is used to equip tactical teams. within the last year, the metro boston homeland security region used funding to provide training to improv
hospital and check in with bill hemmer. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. to your table for a limited time! it's our seafood dinner for two for just 25 dollars! a handcrafted seafood feast made to share. first you each get salad and unlimited cheddar bay biscuits. then choose two from a wide variety of chef-inspired trées like our new honey garlic crispy shrimp or new seafood lover's lingui. round out your seafood dinner with your choice of either an appetizer or dessert to share! don't miss our seafood dinner for two, just $25 at red lobster, where we sea food different. [ male announcer ] purpose elevates what we do. raises it to a more meaningful place. makes us live what we do,
is winning? >> it just doesn't make sense showing why the economy is struggling to get going because here's the regulatory bearier stopping us from producing energy, jobs, economic activity, and national security with the own energy rather than from the weast. melissa: senator, what's the bottom line? do we see the pipeline, if you were a betting man, what do you say? >> appears the administration is trying to defeat it through delay, and we're going to have to get the push on to approve it congressional. that's what i'm working on doing. melissa: okay, senator, thank you. appreciate your time. >> thanks. melissa: time for today's fuel gauge report. more potentially good news for drivers, gags lean futures slid about 1.8% today, gas has fallen for 13 # of the past 18 sessions. it is down more than 12% just this month. natural gas is threatening a quarter of the world's oil demand. that is according to a new report from citi corp.. 20 million barrels of crude per day could be replaced by cheaper, natural gas coming through the trucking and railway industries. iran and north korea reportedl
is struggling. the u.s. economy seems to take two steps forward, one step back and i would also have to agree with your comments about the fed. lou, i also read that but i think that the fed cirman has made it perfectly clear that they were going to stay the course for the indefinite future. >> w what will ultimately drive prices will be the growth of wages and salaries and the like and according to the march -- lou: we would like to have some of that. >> we would like to see some growth there. in march the conference board's survey showed that the percent of consumers expecting a lower income six months from now, once again exceeded the percent expecting income growth. we never saw this type of imbalance in previous recoveries and that's a b unsettling. lou: i lied. you get the last word, lou. we started out with the gold, deflation. you get the last word. >> we're not far apart but i would say that the revenues of corporate america have been slowing. as the top line continues to slow, the abili to maintain profitability is certainly doubul and i think any wisp of deflatn or whiff of deflati
western economies are not looking good at all and many of them are in contraction. so it's a bit of a mixed picture. we're not that certain. investors have money to allocate to right now go for gold and silver first before looking at other commodities, except, perhaps, natural gas equities and they're extremely trading, many of them trading well below book values. that's another dpesed opportunity. >> always good to have you on. martin hennecke, associate director at type. >>> shares of softbank after someone made a competing bid for sprint. but softbank remains determined says it is still the best on the table. fashuiko has the story for us from tokyo. >> hi, ross. dish may be giving them a run for their hone, but softbank is still confident of its $20 billion bid for strength. softbank said its choice to invest in sprint is superior to the offer made by dish. it expects to close the deal on july 1st with its original plan. softbank's $20 billion deal to acquire 70% of sprint reached agreement by the two companies in october and is now under review by the u.s. federal communicat
economies, our countries unsustainable debt. it's disingenuous and more importantly it's just wrong. defense spending accounts for approximately 18% of the federal spending annually while nonsecurity mandatory spending accounts for 60%. we are on a path where an insatiable appetite to face domestic spending in mandatory programs are consuming our defense budget and will soon result in a hollow military. the commander-in-chief must take a lead in restoring certainty to our budgeting process to ensure that our military leaders have appropriate resources to develop and execute plans and manage the department of defense efficiently. i've repeated the warnings of admiral cindi wind field the vice chairman of the joint chiefs many times over the last three months and this quote is an accurate cole which he is referring. quote i know if of no other time in history when we have competent julie down this far this fast and the defense budget. there could be for the first time in my career instances where we may be asked to respond to a crisis and we will have to say we cannot do it. we have to correct
vulnerable to the attacks on networks critical to our economy with national security iran and north career trying to get capabilities is cyberspace and widely to be responsible for some such attacks. china and russia possess capabilities for cyber theft such as intellectual property as well as the more traditional properties of as the niosh such as spying on a military weapon systems and capabilities. cconology and with cyber theft is us rafts that -- stuffed that cannot be tolerated to hear about the problem and the steps weshldak thesa pacific region from the dictatorial regime has caused ce here the und stat and our allah --alies in h pacific that has announced itinterntme plutonium production and testing a nuclear device in february that appears to have a greater yield of the previous test and has threatened any time to launch a missile like a further is s -- exacerbate tensions we read about conflicting intelligence assessments and north korea's ability to put a nuclear warhead with a long-range missile. we hope our witnesses could clear that issue up. in the middle east iran contin
this policy. which inn facts is always a good policy. a prime money laundering concern. the entire economy is a prime money laundering concern. the famous subject on the banks of delta asia and macau which tracked down successfully kim's own money, that's the father, nearby dandong is the port of dal lifment on. recently a couple years back, the south africans found one of these ships as it came into a south african port filled with chinese rice and wheat and north korean weaponry of all kinds. it obviously had been inspected in dalleon and had been oked for onward proliferation to north korea. let's look at a couple more statistics. their exports to china has quadrupled during this period of 2008 to 2011 of strategic patients and tough financial sanctions and what have you and various u.n. resolution and so on and so forth. so trade may have doubled. according to bun of the prime watchers of north korean economics external and interm, north korean may in fact be running a trade surplus, which i think would shock a lot of people for any poor country. meaning it is exporting capital. north
'm equipped for, because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. >>> welcome back to this special edition of "today" as we cover the aftermath of monday's bombings at the boston marathon. natalie is back with more on why this event means so much to this city. >> that's right, savannah, from many participants completing the race is a lifelong dream. it is known for its challenging hills and its enthusiastic crowds but this year it became the perfect target for terror. who could have predicted a race that began with the traditional starting gun would end with a pair of explosions. a city wide celebration transformed in an instant by an act of terrorism. >> everybody was excited, taking pictures and next thing you know it's just utter chaos. we were terrified and the only thing we could think of, is there another
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